Associate, Macro Rates Repo & STIR Trader
About The Position
Provide liquidity to clients in the repo market, responding to their needs and developing the franchise through consistent pricing, sales-friendly interactions, and professional outreach. Roll require ultimate familiarity with accounting, regulatory, capital treatment of products as well as liquidity, trade life cycle and downstream systems. Work collaboratively with Sales, Origination, Strategy/Research teams. Identify trades with the right profitability and risk/reward balance. Price and risk manage repo, synthetic repo (TRS, bond forward, T-Lock, XCCY, bond basis), collateral swaps, bonds, and other derivatives. Underlying repo securities will include DM, EM, MBS and Credit. Assist in building the Global Markets Franchise by developing key client relationships, both internally and externally. Maintain open communication with team and direct line management to resolve risk and P&L discrepancies and fulfil notification requirement. Write/present daily commentary to sales force and clients. Monitor market news and events and evaluate the risk and opportunities for clients and the firm's positions and strategy. Direct contribution to BNPP operational permanent control framework. Book trades in trade capture system, managing risk and p/l. Liaise with BNPP middle-office and back-office to facilitate and monitor settlements. Work with operational support functions by identifying and valuing all business and transaction-related risks, including market, credit, operational, compliance, legal, regulatory, and reputational risks. Confirm daily P&L.
Requirements
- Master's degree (US or Foreign Equivalent) in Mathematics, Computer Engineering, Computer Science, Software Systems Development, or a related field
- One (1) year of experience in related occupation performing product trading or comprehensive structuring within Credit, Foreign Exchange, and Emerging markets
- One (1) year of experience with: Bond trading experience - Bond Future Basis; Programming skills - Python and VBA; Capital Market knowledge; FX experience - FX swap and xccy; and Bank regulatory knowledge
- FINRA Registrations Required: Series 7, 63. Must take and pass the exam within 60 days of hire
Responsibilities
- Provide liquidity to clients in the repo market
- Develop the franchise through consistent pricing, sales-friendly interactions, and professional outreach
- Work collaboratively with Sales, Origination, Strategy/Research teams
- Identify trades with the right profitability and risk/reward balance
- Price and risk manage repo, synthetic repo (TRS, bond forward, T-Lock, XCCY, bond basis), collateral swaps, bonds, and other derivatives
- Assist in building the Global Markets Franchise by developing key client relationships, both internally and externally
- Maintain open communication with team and direct line management to resolve risk and P&L discrepancies and fulfil notification requirement
- Write/present daily commentary to sales force and clients
- Monitor market news and events and evaluate the risk and opportunities for clients and the firm's positions and strategy
- Direct contribution to BNPP operational permanent control framework
- Book trades in trade capture system, managing risk and p/l
- Liaise with BNPP middle-office and back-office to facilitate and monitor settlements
- Work with operational support functions by identifying and valuing all business and transaction-related risks, including market, credit, operational, compliance, legal, regulatory, and reputational risks
- Confirm daily P&L
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Credit Intermediation and Related Activities
Number of Employees
5,001-10,000 employees
